Cognitive Intelligence: the Next Wave of Business - RTInsights

Once a sci-fi theory, cognitive computing has entered the realm of concrete reality across industries, promising to redefine supercomputing and significantly impact work. At its core, cognitive computing uses hardware and software to simulate human intelligence, using all the processes of human intelligent behavior--acquiring and processing data and using relevant information to run a system. Cognitive computing, used in artificial intelligence (AI) applications, enables machines to learn from data by applying statistical models to understand patterns from occurrences over time. A competent cognitive system even has the capability to generate reasoning by accessing huge amounts of data, mimicking the way the human brain functions. Rapid advancement in various AI algorithms in anomaly detection, regression, two class, multi-class, and clustering has opened up the floodgates, and going forward cognitive computing can be leveraged to re-imagine business models and transform everyday functions.